European Central Bank

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/european-central-bank

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. When was European Central Bank built?The Treaty of Amsterdam
2. What is the primary mandate?To maintain price stability in the Eurozone
3. What is the capital stock value?€11 billion
4. What is the European Central Bank and why is it important?The ECB is a big bank that helps keep money fair and steady for many European countries that use the euro. It makes sure prices don’t change too fast so people can save, work, and invest safely.
5. When was the ECB created and how many countries joined first?The ECB started in May 1999. At first it worked for eleven countries, and later more countries like Greece, Slovenia, and Croatia joined.

Monetary Policy: The actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.
Eurosystem: The monetary authority of the Eurozone, comprising the ECB and the national central banks of the EU member states that have adopted the euro.
Price Stability: A state where the general level of prices for goods and services is rising at a low and stable rate, typically around 2% per year.